Why is Krishival Foods falling/rising?

As of 18-Nov, Krishival Foods Ltd is experiencing a decline in its stock price, currently at Rs 448.40, which reflects a decrease of Rs 23.55 or 4.99%. The stock has underperformed its sector by 3.94% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 7.76% during this period. It opened with a loss of 2.9% and reached an intraday low of Rs 448.40. Although the stock is trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages. Despite a healthy long-term growth in net sales and operating profit, the stock's valuation appears expensive with a Price to Book Value of 6.9, and domestic mutual funds hold no stake, which may indicate a lack of confidence at current price levels.
In the broader market context, the stock's performance over the past week shows a decline of 8.92%, while the benchmark Sensex has increased by 0.96%. This stark contrast highlights the stock's significant underperformance relative to the market. Additionally, while the company has shown strong growth in net sales and operating profit, the return on equity of 9.4% and the high PEG ratio of 1.7 suggest that the stock may be overvalued. The lack of investment from domestic mutual funds could further contribute to the stock's downward pressure, as it may signal concerns regarding its current valuation and future prospects.